Introduction

Many people think that business acumen is innate. However, it is defined as the ability to assess an external market and take efficient decisions, acknowledging what is necessary to move forward and create a successful business. Fortunately, it is plausible for all individuals to enhance their business acumen. The suitable training combined with some professional experience will improve your business savvy. Many managers and employees are specialized in their field and do not have a clear understanding of their decision’s impact on other areas. But, when too much focus is placed on one aspect of the business, it is difficult to make decisions for the good of the company; hence, in order to make effective decisions, it is indispensable to examine the business’s big picture.

Course Objectives

This program gives you the needed information and skills to guarantee participant’s acknowledgement of Business Acumen. Business acumen obligates an understanding of finance, strategy, and decision-making.

Know how to see the big picture

Develop a risk management strategy

Know how to practice financial literacy

Develop critical thinking

Practice management acumen

Find key financial levers

Course Modules

Module 1: Seeing the Big Picture

Short and Long term Interactions

Recognize Growth Opportunities

Mindfulness of Decisions

Everything is Related

Case Study

Review Questions

Module 2: KPI’s (Key Performance Indicators)

Decisiveness

Flexible

Strong Initiative

Outgoing Marketing

Case Study

Review Questions

Module 3: Risk Management Strategies

Continuous Assessment

Internal and External Factors

Making Adjustments and Corrections

Knowing When to Pull the Trigger or Plug

Case Study

Review Questions

Module 4: Recoginizing

Learning Events

Develop a Sense of Always Learning

Evaluate Past Decisions

Problems Are Learning Opportunities

Recognize Your Blind Spots

Case Study

Review Questions

Module 5: You Need to Know These Answers and More

What Makes My Company Money?

What Were Sales Last Year?

What is Our Profit Margin

What Were Our Costs?

Case Study

Review Questions

Module 6: Financial Literacy (I)

Assets

Financial Ratios

Liabilities

Equity

Case Study

Review Questions

Module 7: Financial Literacy (II)

Income Statement

Balance Sheet

Cash Flow Statement

Read, Read, and Read

Review Questions

Module 8: Business Acumen in Management

Talent Management

Change Management

Asset Management

Organizational Management

Case Study

Review Questions

Module 9: Critical Thinking in Business

Ask the Right Questions

Organize Data

Evaluate The Information

Make the Decision

Case Study

Review Questions

Module 10: Key Financial Levers

Investing in People

Effective Communication

Process Improvement

Goal Alignment

Case Study

Review Questions

Lessons Learned

Target Audience

This certification is designed for all Management level employees, supply chain/inventory management, and capacity decisions, purchasing, selling managers who are to assist in the whole picture.

N.B*

The certification is accredited by Chartered Management Institute with 35 Professional Contact Hours. Participants will receive an additional certificate, besides ACAD’s Professional Certificate from Chartered Management Institute UK, upon request. For more information, visit www.managers.org.uk